Links of Interest

Here are some of the writings that caught our attention this month:

Brian Potter details the longstanding difficulties the United States has had in constructing ships. He cites high input costs and low motivation as key factors, and notes that if the United States and China engage in a race for naval supremacy, US shipbuilding capacity is starting from a serious deficit:

Alex Tabarrok argues that while prices for branded drugs are high in the United States, prices for generic drugs are actually low relative to other developed countries.

Robert Caro discusses biography as shining a light on political power. Amidst a lengthy discourse on Lyndon Johnson there is a detailed description of how laundry was done in the Hill Country of Texas before electricity became available, which may give you a new appreciation for washing machines.

Barry Ritholtz (via Mike Zaccardi) relays that technology penetration is occurring faster than ever:

David Cassel revisits a special issue of “Saturday Review” from 1974 that imagined how the world would look in 2024. Scientist Andrei Sakharov largely nailed the evolution of the internet—but his prediction of flying cities missed the mark, and while he did anticipate battery powered cars, he also expected them to have mechanical legs.

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